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ICE BRENT: (N18) Below 21-DMA To Shift....>

OIL TECHS
OIL TECHS: ICE BRENT: (N18) Below 21-DMA To Shift Focus Lower
*RES 4: $76.21 - Bollinger band top 
*RES 3: $75.61 - 2018 High Apr 30 
*RES 2: $74.98 - High May 1 
*RES 1: $73.91 - Alternating hourly support/resistance
*PRICE: $73.17 @ 0350GMT
*SUP 1: $72.20 - Low Apr 20 
*SUP 2: $71.97 - 21-DMA 
*SUP 3: $69.92 - Low Mar 11 
*SUP 4: $68.44 - High Apr 6 now support
*COMMENTARY: O/B daily studies are weighing following the lack of topside follow
through on recent 2018 & 3+ year highs. The 21-DMA is key support today. Bears
need a close below the 21-DMA to ease bullish pressure and to shift initial
focus to the $69.92 support. Bulls now need a close above $73.91 to gain
breathing room and above $75.61 to reconfirm focus on $77.30-81.61 last seen in
late 2014.

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